No decision yet on extra taxes on top pay

No agreement was reached on a plan to charge top earners a tax of 30% on bonuses and golden handshakes at Tuesday’s meeting on the issue, reports ANP news service.

At the end of a meeting with his colleagues, finance minister Wouter Bos said he was ‘confident’ a decision would be reached on measures to tackle top incomes by the end of next week.
The proposals for the 30% tax on bonuses over €500,000 where this is greater than the annual salary were leaked by the Volkskrant.
Ministers were also expected to discuss moving bonuses out of the section for wealth tax on the tax form – where little tax is charged – and placing it under capital gains tax which is subject to a 20% levy.
A third area for discussion concerns executive pensions that are topped up by the company. Ministers are considering scrapping the tax deductible status of pensions over €185,000. Executive pay remains a thorny issue.
Last month Bos said he would rather companies take responsibility for keeping top salaries under control without the need for new legislation.

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